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ad-work [718]
2 years ago
15

Recording depreciation each period is necessary in accordance with thea. going concern principle.b. historical cost principle.c.

expense recognition principle.d. asset valuation principle.
Business
1 answer:
Setler [38]2 years ago
3 0

Answer:

c. expense recognition principle

When a firm buys an asset that has a useful life of more than a year, it means that the cost of the asset should also be spread through out its life, the reason for this is that the asset is that this asset will create revenue for more than one year so its cost should also be split up. The expense recognition principle states that expenses should be recognized in the same period as the revenues to which they relate, and following this rule is the reason that depreciation is recorded in each period. If depreciation was not recorded and the asset was expensed the year it was bought, it would reduce the profits in the first year and increase them in the following years

Explanation:

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Ashley has a large and growing collection of animated movies. She wants to replace her old television with a new LCD model, so s
Vlad [161]

Answer:

Option (D) is correct.

Explanation:

1.We use the formula:

A=P(1+\frac{r}{100})^{n}

where

A=future value

P=present value

r=rate of interest

n=time period.

A=1,060(1.12)^{2}+ 1,060(1.12)^{1} + 1,060

A=1,060[(1.12)^{2}+(1.12)^{1} + 1]

         = 1,060 [1.2544 + 1.12 + 1]

         = 1,060 × 3.3744

         = $3,576.864

Therefore, the amount of $3,576.864 will Ashley have to buy a new LCD TV at the end of three years.

(b) Future value of annuity due = Future value of annuity × (1 + interest rate)

                                                    = $3,576.86(1 + 0.12)

                                                    = $3,576.86 × 1.12

                                                    = $4,006.08

She will save around $4,006.08

4 0
2 years ago
Catherine has been managing her company for a couple of years. She now plans to expand her business by bringing in fresh funding
horsena [70]

Answer:

  • News report on website and social media channels.
  • Quarterly earnings call.
  • Annual General meeting.

Explanation:

As there are no options available, I listed three ways in order of ease of implementation.

Catherine could include the news in a news report or newsletter and post it on the company website and their social media platforms to ensure that as many of their shareholders as possible read it. This is the easiest method mentioned and can be done as soon as possible.

Catherine can also update the shareholders during Quarterly Earnings calls which is a webcast or teleconference where she will update shareholders on the happenings in the company. As this happens quarterly, Catherine may have to wait some time to use it so it is second in ease of use.

Catherine could also wait till the Annual General Meeting of the shareholders to do so but this could take quite a long time.

5 0
2 years ago
After spending months finalizing a marketing plan, the lead marketing manager presents it to the entire company. It soon becomes
Sauron [17]

The correct answer is A) alignment.

After spending months finalizing a marketing plan, the lead marketing manager presents it to the entire company. It soon becomes clear that the budget given in the plan is far lower than the marketing team had determined it would need. This mistake is likely a result of a lack of alignment.

This means that the marketing manager did not respect the parameters originally indicated. His numbers did not align with the necessities of the plan, which means that he did not take into consideration some important factors that at the end, affected the end result of the budget.

7 0
2 years ago
Suppose that the projectile marble and target marble do not collide with their centers of mass
jok3333 [9.3K]
What? didnt quite understand your question.
5 0
2 years ago
Stephanie manages the accounting department at an advertising agency. She needs to conduct performance appraisals for the eight
wolverine [178]

Answer:

The correct answer is behaviorally anchored rating scale.

Explanation:

The behavior-based rating scale is a performance appraisal method that combines elements of the traditional rating scale and critical incident methods.  In this, various levels of performance are presented along with a scale that describes them regarding the specific work behavior of an employee.

4 0
2 years ago
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